Common use of Gross Receipts Clause in Contracts

Gross Receipts. In general. For purposes of this paragraph (c), gross re- ceipts generally means the total amount received or accrued under the method of accounting used by the cor- poration in computing its taxable in- come and is not reduced by returns and allowances, cost of goods sold, or de- ductions.

Appears in 4 contracts

Samples: Publishing Agreement, Boxing Agreement, Publishing Agreement

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Gross Receipts. (i) In general. For purposes of this paragraph (c), gross re- ceipts generally means the total amount received or accrued under the method of accounting used by the cor- poration in computing its taxable in- come and is not reduced by returns and allowances, cost of goods sold, or de- ductions. (ii) Special rules for sales of capital as- sets, stock and securities—

Appears in 2 contracts

Samples: Supplemental Contract, Supplemental Contract

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